> BANKMAN-FRIED SEEKS TRUMP PARDON AFTER FTX COLLAPSE
FTX CO-FOUNDER SAM BANKMAN-FRIED HAS FORMALLY APPLIED FOR A PRESIDENTIAL PARDON AFTER HIS 2024 CONVICTION FOR FRAUD TIED TO THE $10 BILLION COLLAPSE OF FTX. HE SUBMITTED THE REQUEST TO THE JUSTICE DEPARTMENT’S PARDON ATTORNEY OFFICE, SEEKING RELIEF AFTER SENTENCING. BANKMAN-FRIED, SERVING A 25-YEAR TERM, WAS CONVICTED OF ORCHESTRATING THE SCHEME AFFECTING CUSTOMERS AND INVESTORS. THE WHITE HOUSE AND HIS REPRESENTATIVES DID NOT IMMEDIATELY COMMENT ON THE FILING.
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FTX CO-FOUNDER SAM BANKMAN-FRIED HAS FORMALLY APPLIED FOR A PRESIDENTIAL PARDON AFTER HIS 2024 CONVICTION FOR FRAUD TIED TO THE $10 BILLION COLLAPSE OF FTX. HE SUBMITTED THE REQUEST TO THE JUSTICE DEPARTMENT’S PARDON ATTORNEY OFFICE, SEEKING RELIEF AFTER SENTENCING. BANKMAN-FRIED, SERVING A 25-YEAR TERM, WAS CONVICTED OF ORCHESTRATING THE SCHEME AFFECTING CUSTOMERS AND INVESTORS. THE WHITE HOUSE AND HIS REPRESENTATIVES DID NOT IMMEDIATELY COMMENT ON THE FILING.
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> GOLDMAN SACHS AND JPMORGAN ARE EXPLORING WAYS TO TRADE ON THE COST OF COMPUTING POWER - THE INFORMATION
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> FED RATE HIKE BETS RISE AS DATA STRENGTHENS
SCHWAB’S COLLIN MARTIN SAYS STRONGER U.S. JOBS DATA AND PERSISTENT INFLATION ARE LOWERING THE BAR FOR A FEDERAL RESERVE RATE HIKE, WITH MARKETS NOW PRICING IN POTENTIAL TIGHTENING BY YEAR-END. HE EXPECTS AN EXTENDED PAUSE BUT WARNS THE FED COULD SHIFT TOWARD A MORE HAWKISH STANCE IF TRENDS PERSIST, THOUGH A FULL HIKING CYCLE REMAINS UNLIKELY.
PREDICTION MARKETS SHOW RISING ODDS OF A HIKE, WITH 55% BEFORE 2027 AND 87% BEFORE 2028.
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SCHWAB’S COLLIN MARTIN SAYS STRONGER U.S. JOBS DATA AND PERSISTENT INFLATION ARE LOWERING THE BAR FOR A FEDERAL RESERVE RATE HIKE, WITH MARKETS NOW PRICING IN POTENTIAL TIGHTENING BY YEAR-END. HE EXPECTS AN EXTENDED PAUSE BUT WARNS THE FED COULD SHIFT TOWARD A MORE HAWKISH STANCE IF TRENDS PERSIST, THOUGH A FULL HIKING CYCLE REMAINS UNLIKELY.
PREDICTION MARKETS SHOW RISING ODDS OF A HIKE, WITH 55% BEFORE 2027 AND 87% BEFORE 2028.
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> CFTC SCRAPS PLAN TO SHARE OFFICE SPACE WITH THE SEC AND WILL EXTEND ITS WASHINGTON LEASE FOR ANOTHER FIVE YEARS
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> NEW YORK FED SURVEY SHOWS MIXED INFLATION OUTLOOK
NEW YORK FED SURVEY SHOWS 1-YEAR INFLATION EXPECTATIONS AT 3.5% IN MAY VS 3.6% IN APRIL, WHILE 3-YEAR AND 5-YEAR VIEWS REMAIN UNCHANGED AT 3.1% AND 3.0%. YEAR-AHEAD HOME PRICE EXPECTATIONS ROSE TO 3.5%, THE HIGHEST SINCE 2022, WHILE GASOLINE EXPECTATIONS EASED SLIGHTLY TO 5.0%. FINANCIAL OUTLOOKS WEAKENED, WITH SENTIMENT AT THE LOWEST SINCE 2022 AND JOB MARKET EXPECTATIONS MIXED.
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NEW YORK FED SURVEY SHOWS 1-YEAR INFLATION EXPECTATIONS AT 3.5% IN MAY VS 3.6% IN APRIL, WHILE 3-YEAR AND 5-YEAR VIEWS REMAIN UNCHANGED AT 3.1% AND 3.0%. YEAR-AHEAD HOME PRICE EXPECTATIONS ROSE TO 3.5%, THE HIGHEST SINCE 2022, WHILE GASOLINE EXPECTATIONS EASED SLIGHTLY TO 5.0%. FINANCIAL OUTLOOKS WEAKENED, WITH SENTIMENT AT THE LOWEST SINCE 2022 AND JOB MARKET EXPECTATIONS MIXED.
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> LEOPOLD ASCHBRENNER'S SITUATIONAL AWARENESS ASSETS JUMP TO $20B, FUND GAINED ~270% THIS YEAR, ANTHROPIC EQUITY IS NOW 20% OF FUND ASSETS, JANE STREET IS AN INVESTOR IN THE FUND: WSJ
🔗 VELO.XYZ
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🔗 VELO.XYZ
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> IRAN'S DEPUTY FOREIGN MINISTER SAYS TEHRAN DOES NOT ATTACH ANY VALUE TO RECENT EU SANCTIONS AND WILL CONTINUE ITS STRATEGY OF MAINTAINING SOVEREIGNTY OVER STRAIT OF HORMUZ
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> ISRAEL'S NETANYAHU SAYS IRAN AND HEZBOLLAH ARE WEAKER THAN EVER BUT THE WAR WITH THEM 'HAS NOT YET ENDED'
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